Barnes Group Inc (NYSE:B) Institutional Investor Sentiment Trend

May 16, 2018 - By Larry Purdy

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Sentiment for Barnes Group Inc (NYSE:B)

Barnes Group Inc (NYSE:B) institutional sentiment increased to 1.31 in 2017 Q4. Its up 0.06, from 1.25 in 2017Q3. The ratio improved, as 114 investment managers opened new and increased positions, while 87 sold and reduced their positions in Barnes Group Inc. The investment managers in our partner’s database now have: 45.52 million shares, down from 45.71 million shares in 2017Q3. Also, the number of investment managers holding Barnes Group Inc in their top 10 positions decreased from 3 to 1 for a decrease of 2. Sold All: 23 Reduced: 64 Increased: 79 New Position: 35.

Barnes Group Inc. operates as an industrial and aerospace maker and service provider, serving a range of end markets and customers. The company has market cap of $3.17 billion. The firm operates in two divisions, Industrial and Aerospace. It has a 54.5 P/E ratio. The Industrial segment offers precision parts, products, and systems for applications serving various clients in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy.

The stock increased 1.68% or $0.995 during the last trading session, reaching $60.225. About 190,042 shares traded. Barnes Group Inc. (NYSE:B) has risen 19.73% since May 16, 2017 and is uptrending. It has outperformed by 8.18% the S&P500.

Analysts await Barnes Group Inc. (NYSE:B) to report earnings on July, 27. They expect $0.75 EPS, down 7.41 % or $0.06 from last year’s $0.81 per share. B’s profit will be $39.44 million for 20.08 P/E if the $0.75 EPS becomes a reality. After $0.72 actual EPS reported by Barnes Group Inc. for the previous quarter, Wall Street now forecasts 4.17 % EPS growth.

Wooster Corthell Wealth Management Inc. holds 2.44% of its portfolio in Barnes Group Inc. for 73,592 shares. Wasatch Advisors Inc owns 2.06 million shares or 1.73% of their US portfolio. Moreover, Tributary Capital Management Llc has 1.63% invested in the company for 296,858 shares. The Massachusetts-based Aristotle Capital Boston Llc has invested 1.4% in the stock. Ironwood Investment Management Llc, a Massachusetts-based fund reported 30,680 shares.

Since January 1, 0001, it had 4 insider purchases, and 4 sales for $716,302 activity.

Barnes Group Inc. (NYSE:B) Ratings Coverage

Ratings analysis reveals 0 of Barnes Group Inc’s analysts are positive. Out of 2 Wall Street analysts rating Barnes Group Inc, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $64.0 while the high is $67.0. The stock’s average target of $65.50 is 8.76% above today’s ($60.225) share price. B was included in 2 notes of analysts from January 8, 2018. On Friday, February 16 the stock rating was maintained by Robert W. Baird with “Hold”. SunTrust maintained the stock with “Hold” rating in Monday, January 8 report.

Another recent and important Barnes Group Inc. (NYSE:B) news was published by Seekingalpha.com which published an article titled: “Barnes’ (B) CEO Patrick Dempsey on Q2 2016 Results – Earnings Call Transcript” on April 27, 2018.

Barnes Group Inc. (NYSE:B) Institutional Positions Chart

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